Foreclosure investing is proving to be a gold mine to first-time home buyers and investors. Many investors today are willing to hold on to their properties and wait out for the market to stabilize, a contrast from previous investors who went on reckless borrowing and frenzy buying.
Some investors are even scouring the housing market for [...]

A housing project in downtown Belmont in North Carolina has been taken over by Sun Trust Bank, making the partially-developed subdivision one of the latest victims of the foreclosure crisis.
The subdivision, located at the former Eagle Mill site, was turned over to the bank after its developer, Firmitas Developments defaulted on an almost $6 million [...]

Houses in Kentucky that are slow to find a buyer or have remained on the market unsold for a long period of time are suddenly selling faster at foreclosure auctions.
Industry experts explained that potential buyers bid on foreclosure properties and once they won the bidding, a contract will be made immediately and the deal will [...]

Buyers of cheap homes for sale in Milwaukee, Wisconsin can avail of forgivable loans as part of the city’s efforts to alleviate the effects of the foreclosure crisis and stabilize neighborhoods.
The foreclosure problem has been spreading across the Milwaukee County for several months now. The number of home foreclosure filings has flooded the market, averaging [...]

Below market rate foreclosure properties are like magnets to fixer uppers investors who want to earn huge profit for less capital. Investors and first-time homebuyers loaded with cash are flocking to Brevard County, Florida to take advantage of cheap properties.
The trend is benefiting the housing market in the region but has rendered the federal homebuying [...]

About $1.9 million are up for grabs among nonprofit organizations and community groups to be used for flipping houses into public housing. So far, six foreclosed properties in the county will be purchased, rehabilitated and sold or rent as public housing.
The funding is made possible under the U.S. Department of Housing and Urban Development’s (HUD) [...]

Many struggling homeowners who want to save their properties from becoming foreclosure and bankruptcy houses were given hope with the Obama Administration’s loan modification or refinancing program.
But since the inception of the program early this year, it failed to meet its target number of modifications. The major complaint of many distressed homeowners is the lengthy [...]

Dallas foreclosed homes differed in impact on new home construction and on rents in the third quarter, based on data from Texas-based property research firms Residential Strategies and MPF Research.
While foreclosures slowed in their impact on new home construction, they pushed down rents in multifamily properties in the third quarter of this year.
In the Dallas [...]

Buying foreclosures in Manatee, Florida is profitable for investors who can wait for a price recovery and for first time home buyers looking for low-priced properties. Based on property sales and court records in Manatee, home prices continue to fall in the area.
According to real estate analysts, if the sales price for a house [...]

Lists of Atlanta foreclosed homes will soon include condo properties seized from Chicago-based Corus Bank which invested heavily in condo development projects in Atlanta.
According to Peter Zalewski of Condo Vultures, many condo properties in the $4 billion real estate portfolio of Corus Bank will be sold off after investors complete a deal with the Federal [...]